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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

 
 
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Old 03-14-2012, 08:30 AM
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care-care care-care is offline
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Default Tom Question MMK

Ok I am printing form for our accountant and I have a question...
When I began business I entered my home on the date I took my first child for depreciation. Now this is my second year in business..
Do I enter it again in jan 2011 ? or is it something that keeps moving forward with the software? Im confused becuz If i enter it in and put date of actual began service in 2010 it asks me if im sure.And if I enter it starting 2011 I end up with it two times in my report Do I get same depreciation for 39 years? or does it adjust to a time space thingy?
THANKS!
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